European shares slip but log sixth straight month of gains



(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* STOXX 600 clocks best monthly run since 2013

* Unicredit jumps on results, Monte dei Paschi talks

* Euro zone rebounds stronger than expected in Q2

By Sruthi Shankar and Shreyashi Sanyal

July 30 (Reuters) - European stocks fell from record highs on Friday as concerns about the fast-spreading Delta variant and regulatory actions in China outweighed optimism around the quarterly earnings season and an economic recovery.

The pan-European STOXX 600 index .STOXX fell 0.5%, but rose for a sixth straight month in July, its longest winning streak since 2012-13 when it rose for 12 months in a row.

"We've seen moves in both directions this week, but they've lacked any sort of conviction," said Michael Hewson, chief market analyst at CMC Markets.

"The overriding concern being whether the second half of the year will be able to match up to some of the decent numbers we've seen from various company updates this week."

Travel and leisure stocks .SXTP and miners .SXPP were the top decliners.

Italy's UniCredit CRDI.MI gained 2.8% after posting higher-than-expected net profit, and said late on Thursday it had embarked on formal talks with the government over the possible acquisition of rival Monte dei Paschi di Siena BMPS.MI . Monte dei Paschi added 3.4%.

EssilorLuxottica ESLX.PA rose 3.4% as the Ray-Ban maker raised its full-year guidance after revenue doubled in the second quarter.

Overall, out of half the STOXX 600 companies that have reported so far, 67% have topped analysts' profit estimates, according to Refinitiv IBES data. While that is below the 72% beat-rate in the first quarter, it still tops the 51% rate in a typical quarter.

"We have had exceptional expectations, yet the companies have managed to beat those expectations," said Oliver Collin, fund manager of European equities at Invesco. "Interesting thing in Europe is those beats, quite different to the U.S., were rewarded in some sort of positive share price momentum."

Collin believes European equities' slant toward cheaply valued cyclical sectors and a stronger recovery momentum in the second quarter played a part in prompting the recent positive market response.

The euro zone economy grew more strongly than expected in the second quarter as the bloc rebounded from a recession caused by the COVID-19 pandemic, preliminary data showed.

British Airways owner IAG ICAG.L fell 7.5% after it said summer capacity would rise to 45% of pre-pandemic levels but warned that significant uncertainty remained.

German healthcare group Fresenius FREG.DE declined 3.9% after it raised its 2021 earnings guidance but sounded cautious on new virus variants and stalling vaccination progress.
Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila and Nick Macfie

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示: 您的資金存在風險。杠杆商品可能不適合所有客戶。 請詳細閱讀我們的風險聲明